Can I retire at age 40 with 597,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$49,300$48,861$48,432$48,014$47,606$46,100
2 years$24,406$23,951$23,511$23,084$22,669$21,166
3 years$16,109$15,652$15,213$14,790$14,382$12,929
4 years$11,961$11,506$11,071$10,655$10,258$8,865
5 years$9,473$9,021$8,592$8,184$7,798$6,469
6 years$7,815$7,366$6,943$6,545$6,170$4,907
7 years$6,631$6,186$5,770$5,381$5,018$3,820
8 years$5,744$5,303$4,893$4,514$4,163$3,030
9 years$5,054$4,617$4,215$3,845$3,506$2,436
10 years$4,502$4,070$3,674$3,314$2,987$1,979
11 years$4,051$3,623$3,235$2,885$2,569$1,621
12 years$3,676$3,252$2,871$2,530$2,226$1,336
13 years$3,358$2,939$2,565$2,234$1,941$1,107
14 years$3,086$2,671$2,305$1,983$1,702$921
15 years$2,851$2,440$2,081$1,768$1,498$769
16 years$2,645$2,239$1,887$1,583$1,324$644
17 years$2,463$2,062$1,717$1,423$1,174$540
18 years$2,302$1,905$1,567$1,282$1,044$454
19 years$2,158$1,766$1,435$1,158$931$382
20 years$2,029$1,641$1,317$1,049$831$322
21 years$1,912$1,528$1,211$952$744$272
22 years$1,806$1,427$1,116$866$667$230
23 years$1,709$1,334$1,031$788$598$194
24 years$1,621$1,250$953$719$538$164
25 years$1,539$1,173$883$657$484$139
26 years$1,464$1,103$819$601$436$118
27 years$1,395$1,038$760$550$393$100
28 years$1,331$978$707$504$355$84
29 years$1,271$922$658$462$320$72
30 years$1,215$871$613$424$289$61
31 years$1,163$824$571$389$262$51
32 years$1,115$779$533$358$237$44
33 years$1,069$738$498$329$214$37
34 years$1,026$699$465$303$194$31
35 years$986$663$435$279$176$27
36 years$948$630$407$257$159$23
37 years$912$598$381$236$144$19
38 years$879$568$356$218$131$16
39 years$847$540$334$201$119$14
40 years$816$514$313$185$108$12
41 years$787$489$293$171$98$10
42 years$760$466$275$158$89$8
43 years$734$444$258$146$80$7
44 years$709$423$242$135$73$6
45 years$686$404$228$124$66$5
46 years$663$385$214$115$60$4
47 years$642$368$201$106$55$4
48 years$621$351$189$98$50$3
49 years$602$335$177$91$45$3
50 years$583$320$167$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $597,000, adding $6,430 every year, while hoping to spend $47,242 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/33/27 Blend
39$597,000$597,000$597,000$597,000
40$664,527$632,886$623,632$685,593
41$682,043$613,632$594,259$682,209
42$699,763$591,851$562,318$673,671
43$717,657$567,370$527,674$663,525
44$735,692$540,005$490,184$651,652
45$753,828$509,561$449,701$637,926
46$772,022$475,833$406,070$622,213
47$790,223$438,603$359,128$604,371
48$808,373$397,642$308,706$584,248
49$826,407$352,707$254,627$561,682
50$844,251$303,540$196,708$536,500
51$861,823$249,871$134,756$508,517
52$879,027$191,414$68,568$477,538
53$895,759$127,864$0$443,352
54$911,901$58,904$0$406,331
55$927,319$0$0$386,761
56$941,866$0$0$370,416
57$955,376$0$0$374,962
58$967,663$0$0$378,923
59$978,520$0$0$382,209
60$987,718$0$0$384,716
61$994,999$0$0$386,330
62$1,000,080$0$0$386,923
63$1,002,641$0$0$386,354
64$1,002,331$0$0$384,465
65$998,759$0$0$381,084
66$991,489$0$0$376,015
67$980,039$0$0$369,046
68$963,876$0$0$359,938
69$942,405$0$0$348,428
70$914,971$0$0$334,225
71$880,847$0$0$317,007
72$839,228$0$0$296,416
73$789,222$0$0$272,058
74$729,844$0$0$243,495
75$660,003$0$0$210,245
76$578,494$0$0$171,775
77$483,982$0$0$127,492
78$374,995$0$0$76,746
79$249,902$0$0$18,816
80$106,905$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0